Companies put cyber insurance at the centre of security strategy
Updated
Updated · The Wall Street Journal · May 1
Companies put cyber insurance at the centre of security strategy
13 articles · Updated · The Wall Street Journal · May 1
The global market reached $14.7 billion in 2025, while U.S. data breaches rose to 3,322 last year, up nearly 80% from 2021.
Average cybersecurity budget growth slowed to 4%, the weakest in five years, and U.S. employers posted 166,007 cybersecurity job openings as firms consolidate tools and rely more on AI.
Executives say boards now treat cyber as a business risk, though insurers often demand stronger controls and experts warn ransom payments can ultimately finance further attacks.
As AI-driven attacks surge and insurance becomes central, could overreliance on cyber insurance ultimately weaken companies' real cyber defenses?
With premiums falling and claims rising, is the current cyber insurance boom a ticking time bomb for insurers and their clients?
Can small businesses realistically keep up with stricter insurance requirements, or will cyber insurance become an exclusive tool for large enterprises?